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    Property profile & analytics

    508 Main St Danville, AR 72833

    • Turn key restaurants
    • 1,964 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 02, 2024
    Location Intelligence
    Property ID
    US05-1033656
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cafe La Merienda / Salvadoran Restaurant

    Property Details for 508 Main St

    Property size
    1,964 SF
    Property type
    Turn key restaurants
    APN
    701-00022-001
    APU
    70100022001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Yell
    State
    Arkansas
    Longitude
    -93.3941
    Latitude
    35.0564
    CBSA code
    40780
    CBSA name
    RUSSELLVILLE, AR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $227
    $1,250
    $3,800
    $5,050
    -
    $6,250
    $19,000
    $25,250

    Comparable in this City

    • Value Estimation by Request
      1,380 SF

      907 Hwy 10th 8th St

      RESTAURANT • 1,380 SF
      907 Hwy 10th 8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      2,803 SF

      219 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,803 SF
      219 Main St, Danville, AR 72833
      View Details
    • Value Estimation
      $515,000
      1,312 SF

      8th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,312 SF
      8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,152 SF

      206 8th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,152 SF
      206 8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,604 SF

      508 8th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,604 SF
      508 8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      6,400 SF

      1503 8th St

      AUTO REPAIR, GARAGE • 6,400 SF
      1503 8th St, Danville, AR 72833-8014
      View Details

    Similar Nearby for Sale

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      Danville, AR Restaurant Opportunity

      Commercial property in Danville, Arkansas, with residential conversion potential.
      2002 Main St, Danville, AR 72833
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      Danville, AR Commercial Investment Opportunity

      Commercial property in Danville, AR, ideal for restaurant or retail.
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      Danville, AR Grocery Store Opportunity

      Grocery store in Danville, AR with business potential.
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      Danville Mixed-Use Property For Sale

      Mixed-use commercial space with apartment in high-visibility area.
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    • $55,000
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    508 Main St
    Danville, AR 72833
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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